The theme for the BRICS Summit 2024 is Emerging Technologies and Sustainable Development. The BRICS summit in Kazan is likely to strengthen Economic Cooperation, Reforming Global Financial Systems, boost trade, and sustainable development in the fields of technology, health, green energy education, environment protection, food for all, a proactive approach to Security and Counter-Terrorism mechanism, South-South Cooperation and Expanding Influence in Global South and overall cooperation among all member countries to ensure overall development of humanity and establishing a more equitable and fair world.
The concept of the BRICS was formulated by Chief Economist at Goldman Sachs, Jim O'Neill in a 2001 study entitled "Building Better Global Economic BRICs". Based on this popular concept, a block of countries comprising Brazil, Russia, India, and China was founded in 2001. However, South Africa joined BRICS in 2010. (BRICS the Acronym of the first letter of all countries). The functionary of BRICS evolves upon three pillars of cooperation Security, economy, finance, culture, and people-to-people exchange with equality among all.
This story is from the October 23, 2024 edition of The Business Guardian.
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This story is from the October 23, 2024 edition of The Business Guardian.
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